Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-05-18 | Dec-31-17 | Dec-31-16 |
Revenues | 516.3 | 460.4 | 279.6 | 216.8 | 147.7 | 66.6 | 68.2 | 25.0 |
Revenue growth | 12.1% | 64.7% | 29.0% | 46.8% | 116.5% | | 172.4% | 199.0% |
Cost of goods sold | 417.3 | 348.7 | 198.3 | 118.1 | 80.1 | 80.1 | 50.1 | 27.9 |
Gross profit | 99.0 | 111.8 | 81.3 | 98.7 | 67.6 | -13.5 | 18.1 | -2.8 |
Gross margin | 19.2% | 24.3% | 29.1% | 45.5% | 45.8% | -20.2% | 26.5% | -11.3% |
Sales and marketing | 218.9 | 225.9 | 168.3 | 122.2 | 74.4 | 74.4 | 53.4 | 28.6 |
Research and development | 402.1 | 416.1 | 240.6 | 141.5 | 63.5 | | 46.5 | 44.6 |
General and administrative | 192.3 | 248.1 | 270.0 | 79.0 | 52.2 | 52.2 | 39.5 | 24.1 |
EBITA | -2,932.6 | -358.0 | -625.6 | -236.4 | -117.6 | -122.6 | -119.5 | -100.2 |
EBITA margin | -568.0% | -77.8% | -223.7% | -109.0% | -79.6% | -183.9% | -175.1% | -400.0% |
Amortization of intangibles | | 58.8 | 26.6 | 7.7 | 5.0 | | 1.8 | |
EBIT | -2,932.6 | -416.8 | -652.2 | -244.1 | -122.6 | -122.6 | -121.3 | -100.2 |
EBIT margin | -568.0% | -90.5% | -233.3% | -112.6% | -83.0% | -183.9% | -177.8% | -400.0% |
Pre-tax income | -3,151.2 | -415.9 | -714.3 | -260.4 | -132.2 | -132.2 | -125.2 | -100.3 |
Income taxes | 0.0 | -36.9 | -112.1 | -18.5 | -2.8 | -2.8 | -1.9 | 0.0 |
Tax rate | 0.0% | 8.9% | 15.7% | 7.1% | 2.1% | 2.1% | 1.5% | 0.0% |
Net income | 0.0 | -379.0 | -602.2 | -242.0 | -129.4 | -129.4 | -123.4 | -100.3 |
Net margin | 0.0% | -82.3% | -215.4% | -111.6% | -87.6% | -194.1% | -180.9% | -400.3% |
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Diluted EPS | $0.00 | ($1.80) | ($4.47) | ($2.66) | ($1.94) | ($1.94) | ($2.65) | ($3.02) |
Shares outstanding (diluted) | 235.7 | 210.9 | 134.6 | 90.9 | 66.7 | 66.7 | 46.5 | 33.2 |
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EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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